Nod to FDI hike in insurance will turn market sentiments: Experts

Last Updated: Friday, October 5, 2012, 00:23

Agreeing that not all foreign partners of domestic insurers will pump in capital when allowed to increase stakes to 49 percent, insurance sector experts said Thursday the union cabinet nod will rekindle investors' animal spirits.

India Inc hails govt's decision on insurance, pension funds

Last Updated: Thursday, October 4, 2012, 23:28

India Inc on Thursday termed government's second wave of reforms, including decisions to open the pension sector to foreign investment and raising the FDI cap in insurance to 49 percent, as "path-breaking and landmark".

In comes Chidu, up goes Sensex!

Last Updated: Thursday, October 4, 2012, 22:34

The lawyer turned politician P Chidambaram just loves to play the market and as always his North Block stint has given Sensex an unusual high. For the record his latest innings that began on July 31, 2012 has evidenced Sensex put up its best performance this year breaching the 19,000 mark on Thursday.

UPA out to sell country`s interests: Left

Last Updated: Thursday, October 4, 2012, 20:54

Left parties on Thursday came down heavily on the government for deciding on a series of second-generation of reforms.

Mamata Banerjee asks UPA partners to quit Manmohan government

Last Updated: Thursday, October 4, 2012, 20:13

Mamata Banerjee described as `immoral and unethical` the decision by the `minority` govt at Centre on hike in FDI in insurance and pension sectors.

Cabinet approves FDI in insurance, pension

Last Updated: Thursday, October 4, 2012, 08:29

Government on Thursday unleashed a second wave of reforms deciding to open the pension sector to foreign investment and raising the FDI cap in insurance to 49 percent, undeterred by opposition to its decisions on FDI in retail and threats to block these legislations.

Cabinet to consider FDI in pension, insurance Thursday

Last Updated: Wednesday, October 3, 2012, 19:19

In another round of big-ticket reforms, the Union Cabinet will consider on Thursday raising the FDI cap in insurance sector to 49 percent and opening the pension sector to foreign investment besides creation of a National Investment Board.